Topic: SATOSHINONCE.COM ~ REAL TRANSPARENT BETS ON THE BLOCKCHAIN (Read 3655 times)

Just tried out.. I like it and got 1 digit right!

Please add more games!

Thank you

I placed some more bets, I like your fast development and communication

WE CHANGED OUR MULTIPLIERS TO

3.5x FOR SINGLE DIGIT
35x FOR BOTH DIGITS

OUR HOUSE EDGE IS NOW 2%

THANKS FOR THE SUGGESTION!

It isn't that bad, but could use a refresh of some sorts...

Update: lost 

Imho, u need to tweak the payout to make the more probable win more profitable. Maybe 3x-33?  Or maybe you can make us choose a 3 digit number and give more options?

Bet done
https://blockchain.info/tx/3888c053342a39ba637a4591bf9b144773ea5899626e347d5742a085e368270c

Crossing my fingers now..

JOB DONE!

Enjoy the bet!

Seems nice and Clean
are you planning to run any signature campaign or Giveawaways
How much budget you have ?
What is the proof of Fairness ?

We want clean detailed Infos 

1SoGC63df4ueo1Zum21c9DwUuft5mkyyi

with pleasure!

Give us your btc address.. and let us know about your game experience please

If I only had 0.005 to try the website to review it... but it won't happen right?

If u put again  -7% house edge, I will bet like mad 

Hi everyone!

After launching our new betting site www.satoshinonce.com we had an initial good response from the bitcoin players community.. Now we noticed that the number of bets has dropped and we are trying to understand what is going wrong and if there should be anything we should change in our game..

Any feedback will be highly appreciated!!

Thanks satoshi fans!

You have an 18% chance to win 2X and a 1% chance to win 60X.

2 18's and 60 sum to 96% - that's the RTP if the blocks are never orphaned.

If you can find an orphan, your RTP is huge.


I expect they searched for alternatives, but none of them sounded as good:



SATOSHIKIDDYFIDDLER.COM just doesn't have the same ring to it I guess.

But seriously, it's a number (n) that you try once (n-once) when mining.

They say that gregen is relaxing to the eye. And its the color of money.

so , I have 1/10 chance to win 2X    that sounds really low changes

dice give 49% change to win 2X

If I tell you the truth I wouldn't bet your game

Why is that so many gambling sites using "green" color in their web-design?

I guess green has a psychological effect on players maybe? Or is it just a popular trend?

Good concept btw, goodluck.

that's the explanation of the main Bitcoin glossary (we give it in "Rules"):

What is the Nonce number?

The Nonce number is a random number that is used by miners to generate a new Block. To generate a new valid Block miners have to try every single integer (from 1 to few billions) until they find the one (the Nonce) that will solve a difficult mathematical equation.
No one can predict the Nonce number: nothing is more provably fair than the magic Nonce!

https://en.bitcoin.it/wiki/Nonce

What are the Blocks?

Blocks are fundamental to the Bitcoin protocol as they contain the Bitcoin transactions.
Miners use dedicated hardware to solve difficult mathematical equations, running them with a different Nonce number each time, until a valid result is found and the new block is produced. On avarage the Bitcoin miners community finds a new Block every 10 minutes. Finding a block is not an easy or cheap task. It needs a lot of powerful dedicated hardware and big electricity consumption. There is no guarantee of being the miner that will find tha next valid Block either, as it is a trial and error process where computer power and luck play together.
That's why the miner (or the mining pool) that founds a new valid Block gets a nice reward: currently 25 new Bitcoins + all the fees attached to the transactions included in the Block he found.

https://en.bitcoin.it/wiki/blocks

How do the Bitcoin protocol and the Blockchain work?

The Bitcoin protocol and the Blockchain ledger have been designed and created by Satoshi Nakamoto in order to permanently record and securely store all the Bitcoin transactions on the Blockchain.
The Blockchain is the public ledger that contains all the Bitcoin transactions. Transactions, in order to be valid and not modifiable by fraudulent double spend attacks, have to be included inside a new valid block that will be attached to old ones in the Blockchain.
In simple words, when you do a Bitcoin payment, your transaction will show a "0" Confirmation status. This means that the Bitcoin network is aware of your transaction but the transaction has not been included and permanently stored in the Blockchain ledger yet. Once the transaction has been included in the next available valid block you will see that your transaction reaches "1" Confirmation. After 6 Confirmations (meaning 5 more blocks have been added to the Blockchain on top of the block that contains your transaction) the transaction can be considered perfectly valid and secured.

What does NONCE means by the way?

Here is the explanation on that website:

"THE NONCE WAY - Lucky Numbers are not calculated by us, they are taken directly from the Bitcoin Blockchain: the Nonce numbers"

nonce = random number

...I dont get the domain name. Do you know what 'nonce' means? Well here in the UK anyway.

Hi, that's a very important point.

If the Bet Transaction wins in the orphaned Block it will get paid at 1 confirmation, regardless if later on with the new Block it will loose.

If the Bet Transaction loose in the orphaned Block, once it will be placed in the new Block our system will scan it again and if this time the Bet is a winning one we will pay it.

This will assure that players will always be paid in case they win (in both cases, in the orphaned and in the new Block). It is a "risk" we are taking on our shoulder to give a better customer'e experience and also to give consistency to our verification process that we think is our added value, compared to other betting sites.

It looks a lot better than it did before.


What do you do if the nonce changes later due to a reorg? It's possible for the bet transaction to be included in multiple blocks which appear in the main chain at some point in time. If you pay out immediately there's a chance you'll pay bets with finish up losing when the winning block gets orphaned and replaced by a different one.

THANK YOU!!! It's over 15 hours we are coding and we are missing coffee Thanks for your feedback

"Lucky Numbers are not calculate by us" as displayed on the site is missing a d after "calculate".

19% of chances..

You have 19% odds to make a win

We just went for a massive restyling of the site. Please have a look at the new graphic and let us know if you like it

THANK YOU!!!

Seems to be working fine for me? Might be a browser issue?

...and the site is not opening

Can you show your working please?


Edit: oh, I get it. There's only an 18% chance of matching a single digit (9 ways of getting the 1st digit wrong and 9 ways of getting the 2nd digit wrong):

>>> 0.18 * 2 + 0.01 * 60
0.96

4%

So then what's the house edge?
It's a pretty old design just BTW.

Have you tried it our already?

If I had only known how to calculate these odds before...

19% 18% chance of matching 1 digit
1% chance of matching 2 digits

old payouts:

>>> 0.19 0.18 * 3 + 0.01 * 50
1.07 1.04

new payouts:

>>> 0.19 0.18 * 2 + 0.01 * 60
0.98 0.96

So you've increased the house edge from a very generous -7% -4% to a more normal stingy 2% 4%?

If you want your players to "win big" you should leave the house edge negative and it will happen.  

We are currently updating the site increasing the multiplier from 50x to 60x in case you match the 2 digits Lucky Number. We set the multiplier to 2x instead in case you match only 1 of the digits of the Lucky Number.
We've done so because we think that our fans want to give a try to satoshinonce to win big... but if the luck is not coming your way fully, you can still make the double of your bet if you match just 1 digit...

Hope you agree with our approach and will continue to enjoy satoshinonce!

Please do not hesitate to tell us if you like the game!!!!!!

Thanks!

We really appreciate your comment, thank you    Hope you also enjoyed the game and its transparency 

THANK YOU!! 

umm ... pretty hard to win here

It seems you have calculated the probabilities wrong.
The chance of matching only 1 digit should be 9/100 but not 1/10, as you should excluded the case of matching both digits.

Arghhhh can you just write the house edge and ill believe in you

I went back to 1999 after visiting your site.

The chance is hit 3x is 18/100.
The chance is hit 50x is 1/100.

So your site is paying back 104% on average to the players? 

Thank you for your feedback.
We think Satoshinonce is more comparable to a lottery than a dice game or poker.
We know that having to wait few seconds up to 20+ minutes can be considered by someone as a downside of our game but the mission we are trying to accomplish is to set up a game that is 100% fair and this can be achieved through the amazing Blockchain.
We hope in fact that people will appreciate the high level of transparency we have by relying on the Blockchain results, but we are open to any feedback that could improve the way satoshinonce game is made!

Thanks!

Cant see this taking off.

Blocks can take quite a while at times to come through. Be a bit boring placing a bet only to wait 30mins+ for the result. At least with sport you can watch the game etc.

Gambling is about the quick thrill/fix (dice) or putting skill/knowledge to use (poker). This has neither.

How is the house edge?

Looks good, will try it out soon!

And the house edge?

I don't think this is a very fair game

This is pretty much exactly how the original satoshi dice worked. They would have dedicated addresses that corresponded to various bets (based on theoretical win percentage rate), people would send btc to the address and after one confirmation you would either receive a very small amount to show that you lost or the win amount would be returned to you minus the TX fee.

It was so popular that most of the satoshi dice addresses are in the top 100 addresses with the most unique output addresses

21/100 game

Is there any chance we could get a review from your site?

So this is a 50/50 game?

The chance of matching the full number is of course 1/100. The chance of matching just one of the 2 digits (the first or the second) is 1/10 x 2=1/5  (there are 2 chance of 1/10 as the are 2 digits). When you place a bet on the Lucky Number (an integer between 00 and 99), with a single bet you have 3 different ways of winning and as total winning and as total winning odds the sum of the 3 possibilities: 21/100 (1/10+1/10+1/100).
In simple words when you place a unique bet on a single number you have 21 chance on 100 to win something.

But the real innovation we think we are bringing is the level of transparency and easiness of bets results verification. Nothing is decided o extracted by us.. It's the Bitcoin Blockchain that "produce" the lucky numbers whenever a new block is found by the miners community.

Hope this clarified a bit our policy. We are always very happy to hear your feedback on this game and we are open and very pleased to get suggestions from you

Thanks!!

Its 1/100 chance to hit 50x and 1/10 chance for 3x. Isnt that a huge house edge?

Hey man, I noticed your username, do you have any site about coin gambling reviews?

I like what the graphic designer has done! Cool looking site

for match 2 digit number, it's too hard for win.. maybe looks like lotto this game

This is not good I think. you should provide a page for a personal account so that I can make a deposit before playing. and I do not need to make a deposit repeatedly